Fully Leased Retail Building For
For Sale
Contact for pricing
5033 Monroe St, Toledo, OH 43623
22,009 SF fully leased retail building near Franklin Park Mall.
Property Size22,009 SF
Price / SF$124.95
Days on Market235
Property Features for 5033 Monroe St
General Information
Standard status
Active
Size
22,009 SF
Class
B
Total Parking Spaces
115
Property subtype
Retail
Zoning
10-MX, Mixed Zoning Parcel: CR, Regional Commercial & IL, Limited Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$220,090
Building Details
Year Built
1987
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
SVN Ascension Commercial Realty
Listed By:
Rami Sebai · License #OH #SAL.2021006201
(419) 540-8888
Source:
Crexi
Added: Feb 13
Changed: Oct 3
Last Checked: Oct 5 at 4:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Ascension Commercial Realty
Investment Insights
Based on property information with market context.
This is a 22,009 square foot fully leased retail building for sale. It is located adjacent to the Franklin Park Mall, which is anchored by Dillard's, JCPenney, and Dick's Sporting Goods, attracting over 7 million visitors annually. The property is ideally situated along the highly trafficked Monroe Street retail corridor and features two curb cuts along Talmadge Road. Access is also available via a recorded easement to a curb cut on Monroe Street. Located less than one-half mile north of the I-475 interchange, the property provides convenient access to regional traffic. The mixed zoning parcel includes Regional Commercial and Limited Industrial, permitting numerous uses.
Key Highlights
- 22,009 SF fully leased retail building.
- Adjacent to Franklin Park Mall, anchored by Dillard's, JCPenney, and Dick's Sporting Goods (7 million annual visitors).
- Located on highly trafficked Monroe Street retail corridor.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,493
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,869,860
$2.9M
Cap Rate 7%
$2,049,900
$2.0M
Cap Rate 9%
$1,594,367
$1.6M
Market Conditions
NOI Build-Up for 22,009 SF
Gross rent
$221.9K $10.08/SF
− Vacancy
−$16.9K −$0.77/SF
EGI
$205.0K $9.31/SF
− OpEx
−$61.5K −$2.79/SF
NOI
$143.5K $6.52/SF
Area
Toledo, OH
Vacancy
7.60%
Lease Rate
$10.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,869,860
Cap Rate 7%
$2,049,900
Cap Rate 9%
$1,594,367
Alternative Uses
Best Use
Retail
$2.05M
$1.79M – $2.39M
NOI $143,493 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.66M
$3.20M – $4.27M
NOI $256,396 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,627
Businesses Nearby
874k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Apparel 31%
Shops & Services 21%
Groceries 2%
DICK'S Sporting Goods
Apparel
101,399 visits/mo
0.3 miles
Kohl's
Apparel
78,232 visits/mo
0.4 miles
Chick-fil-A
Dining
54,904 visits/mo
0.4 miles
JCPenney
Apparel
49,131 visits/mo
0.3 miles
Panda Express
Dining
38,915 visits/mo
0.3 miles
Demographics for 43623, OH
20,320
Population
10,056
Households
2
Avg Household Size
43
Median Age
31%
College-Educated
93%
High-School Grad
6.7 sq mi
ZIP Area
3,033
Density / Sq Mi
$65,908
Median Household Income
$40,496
Median Earnings
$933
Median Rent
$167,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - 22,009 SF fully leased retail building near Franklin Park Mall.
Where is this retail space located?
The property is located at 5033 Monroe St Toledo, OH.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 22,009 SF fully leased retail building.; Adjacent to Franklin Park Mall, anchored by Dillard's, JCPenney, and Dick's Sporting Goods (7 million annual visitors).; Located on highly trafficked Monroe Street retail corridor.
